Short Interest in UTStarcom Holdings Corp. (NASDAQ:UTSI) Declines By 30.0%

UTStarcom Holdings Corp. (NASDAQ:UTSI) was the recipient of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 7,000 shares, a decrease of 30.0% from the July 31st total of 10,000 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 3,200 shares, the days-to-cover ratio is presently 2.2 days.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of UTStarcom in a report on Friday. They set a “sell” rating for the company.

UTStarcom Stock Performance

Shares of NASDAQ:UTSI traded up $0.07 during midday trading on Friday, hitting $2.81. 606 shares of the stock traded hands, compared to its average volume of 3,504. UTStarcom has a one year low of $2.20 and a one year high of $3.85. The business’s 50 day moving average is $2.73 and its two-hundred day moving average is $2.72.

UTStarcom Company Profile

UTStarcom Holdings Corp. operates as a telecom infrastructure provider to develop technology for bandwidth from cloud-based services, mobile, streaming, and other applications in China, India, Japan, and internationally. Its products include converged packet transport, disaggregated router platform, packet transport network, packet aggregation network, multi-services access network, fiber to the X, carrier Wi-Fi solutions, and software defined network controller products.